May Hill Capital LLC Buys Shares of 967 Mastercard Incorporated (NYSE:MA)

May Hill Capital LLC acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 967 shares of the credit services provider's stock, valued at approximately $509,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth about $30,000. Truvestments Capital LLC boosted its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. grew its holdings in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

MA stock traded down $17.23 on Thursday, reaching $530.15. 3,442,661 shares of the company were exchanged, compared to its average volume of 2,553,024. The firm has a market capitalization of $483.35 billion, a PE ratio of 38.17, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The stock's fifty day moving average price is $551.87 and its 200 day moving average price is $528.12. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard's payout ratio is presently 21.89%.

Mastercard declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on MA. Wells Fargo & Company boosted their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Susquehanna boosted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.